France will slash its budget deficit by 20% in 2012 from €113B ($156B) this year, PM...

France will slash its budget deficit by 20% in 2012 from €113B ($156B) this year, PM Francois Fillon says, with half the savings coming from spending cuts and the rest from increasing state revenue. The government could reportedly announce the measures tomorrow. "Reality has struck," Fillon says. Really, has it?